Why the RBI Governor is urging bank boards to rein in 'unethical practices'
Shaktikanta Das calls out banks on "mis-selling" and poor governance, urging stricter internal frameworks and customer-centric policies
private banks
November 2024
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March 2023
Bank NIFTY hits fresh record high, crosses 52,900 mark; private lenders lead
The rally in Bank NIFTY was in line with benchmark indices, with the BSE Sensex and NSE Nifty touching their respective new highs today.
Era of peak profitability and growth for Indian banks is over: Goldman Sachs’ Rahul Jain
Rising competitive intensity for both assets and liabilities amid growing regulatory scrutiny indicate a new chapter in Indian banking, says Rahul Jain, head of India equity research, Goldman Sachs
Sensex ends 906 pts lower, Nifty below 22K; midcap, smallcap indices crack up to 5%
Among the 30 constituents of Sensex, barring ITC, ICICI Bank, Kotak Bank, Bajaj Finance, and HDFC Bank, all heavyweights ended in negative terrain.
RBI received 3,513 complaints against Paytm bank in FY23; highest among payment banks
The central bank received 501.86 complaints per branch against Paytm Payments Bank between April 1, 2022, and March 31, 2023.
Sensex dives 746 pts after RBI maintains status quo; rate sensitive stocks fall
The rate-sensitive stocks witnessed choppy trade after the RBI policy announcement, with auto realty, and bankex indices sliding up to 1%.
Private lenders report more frauds but PSBs' amount higher
Frauds in public sector banks were mainly in loan portfolios
Axis Bank shares fall 3% on ₹5,3612 crore loss in March quarter
The private lender’s Q4 profit was impacted by ₹12,490 crore payout towards the Citi acquisition.
HDFC Bank shares rise 3% as advances, deposits surge in Q4
The private lender’s advances and deposits grew by 16.9% and 20.8%, respectively, in Q4 FY23 as compared to the same period last year.
Axis Bank rises over 2% on acquisition of Citibank's India consumer biz
The homegrown bank has completed the acquisition of Citibank’s India consumer and non-banking finance businesses for ₹12,325 crore.
